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5 Jul 2016
USD/CNY fix model: Projection at 6.6567 - Nomura
Nomura's model projects the fix to be 95 pips higher than the previous fix (6.6567 from 6.6472) and 69 pips lower than the previous official spot USD/CNY close of 6.6636. The basket implied change is 102 pips lower than the previous official spot USD/CNY close (6.6534 from 6.6636), Nomura adds.